Note 11 - Securities Sold Under Agreements to Repurchase -

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Repurchase Agreements, Resale Agreements, Securities Borrowed, and Securities Loaned Disclosure [Text Block]

Note

1

1

– Securities Sold Under Agreements to Repurchase –

At

December 31,

201

7

and

2016,

the Bank had sold various investment securities with an agreement to repurchase these securities at various times within

one

year. These securities generally remain under the Bank’s control and are included in securities available for sale. These securities have coupon rates ranging from

2.0%

to

3.5%

and maturity dates ranging from

2027

to

2036.

The related liability to repurchase these securities was

$1.9

million and

$2.7

million at

December 31, 2017

and

2016,

respectively.